Jackson Creek Investment Advisors LLC bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 34,837 shares of the company's stock, valued at approximately $1,302,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Waystar by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock valued at $183,182,000 after acquiring an additional 1,054,180 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in shares of Waystar by 2.3% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,482,238 shares of the company's stock worth $127,798,000 after buying an additional 79,944 shares in the last quarter. Norges Bank acquired a new position in shares of Waystar during the 4th quarter worth $119,387,000. Fuller & Thaler Asset Management Inc. bought a new stake in Waystar during the 4th quarter worth $56,804,000. Finally, American Century Companies Inc. grew its position in Waystar by 0.4% during the 4th quarter. American Century Companies Inc. now owns 1,476,236 shares of the company's stock worth $54,178,000 after acquiring an additional 6,409 shares during the last quarter.
Analyst Ratings Changes
WAY has been the topic of a number of analyst reports. Canaccord Genuity Group reduced their price target on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Mizuho initiated coverage on Waystar in a research note on Monday, June 30th. They issued an "outperform" rating and a $48.00 price objective on the stock. Citigroup initiated coverage on Waystar in a research note on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price objective on the stock. Truist Financial boosted their price objective on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday. Finally, TD Cowen raised Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Twelve analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $42.31.
Read Our Latest Report on WAY
Insider Buying and Selling
In related news, Director Paul G. Moskowitz sold 3,012,253 shares of Waystar stock in a transaction on Friday, May 16th. The stock was sold at an average price of $37.39, for a total transaction of $112,628,139.67. Following the sale, the director directly owned 18,742,283 shares in the company, valued at approximately $700,773,961.37. This trade represents a 13.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Canada Pension Plan Investment sold 4,111,357 shares of Waystar stock in a transaction on Friday, May 16th. The stock was sold at an average price of $37.39, for a total value of $153,723,638.23. Following the sale, the insider owned 25,580,929 shares in the company, valued at $956,470,935.31. This trade represents a 13.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,684,024 shares of company stock worth $325,377,374 over the last three months. Company insiders own 4.10% of the company's stock.
Waystar Stock Down 1.0%
Shares of Waystar stock traded down $0.36 on Friday, hitting $36.70. The company had a trading volume of 1,073,463 shares, compared to its average volume of 1,415,015. Waystar Holding Corp. has a 1 year low of $20.74 and a 1 year high of $48.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 3.12. The stock has a 50 day moving average of $38.96 and a 200-day moving average of $38.90. The stock has a market capitalization of $6.39 billion and a price-to-earnings ratio of 407.82.
Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32. Waystar had a return on equity of 3.10% and a net margin of 2.67%. The company had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. The business's quarterly revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.
Waystar Profile
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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